3 Bond Strategies Amid Rising Rates

A long-anticipated rise in interest rates has finally materialized, which has sent bond prices tumbling. The benchmark 10-year Treasury note, which started the year with a yield below 1.9%, is now up to 2.6%. That's good news for investors with idle cash to put to work.

There are just two problems: First, yields remain low by historical standards. The average 10-year Treasury yield of the past half century is 6.7%. So an investor who...